Decentralised finance (DeFi) is at the forefront of innovation in the crypto marketplace. Every cryptocurrency in the blockchain industry has been promoting this technology as best as they can. Leading cryptocurrencies like Kava (KAVA) and Convex Finance (CVX) offer unique features that bring DeFi technology to life. However, the recently launched Plona (PLON) token is one to look out for as its phase one presale is gaining the interest of many investors in the blockchain industry.
How will Kava (KAVA) recover from a 5.33% decline?
Kava (KAVA) is a software in the decentralised finance (DeF) ecosystem that enables its users to lend and borrow multiple cryptocurrencies. Given that Kava (KAVA) is a DeFi software, users can lend and borrow numerous cryptocurrencies exclusive of banks or any financial third parties.
Additionally, Kava (KAVA) is built on the Ethereum (ETH) blockchain and rewards people who mint USDX. Kava (KAVA) prices dropped by 5.33% over the past week, and the platform has been struggling to regain its shape since then. With over 200 million Kava (KAVA) tokens in circulation, one coin is currently worth $1.4.
Convex Finance (CVX) drops 5% overnight.
Convex Finance (CVX) is a decentralised finance (DeFi) protocol cryptocurrency built on top of Curve Finance. The platform was designed to give CRV token holders and Curve liquidity suppliers additional interest and higher returns from their investments in Covex Finance (CVX).
After providing its users with a seamless optimisation method for supplying liquidity, Convex Finance (CVX) platform has generated over $24.5m in protocol fees. The last seven days saw Covex Finance (CVX) token drop by 5.25%. The price for one Covex Finance (CVX) is $5.3 for one token, which is more expensive than the price of Plona (PLON) and Kava (KAVA).
Plona (PLON) is projected to raise $2 in the first month of its presale.
Everyone in the blockchain industry is talking about Plona (PLON), an Ethereum-based cryptocurrency in the decentralised finance (DeFi) ecosystem bringing exotic cars to the crypto market. How are they doing this? The developers of Plona (PLON), a group of blockchain and premium car enthusiasts, have patterned with luxury automobile dealers to get access to exclusive networking and events.
For only $29, investors in Plona (PLON) token can own a fraction of their favourite luxury car. Furthermore, Plona (PLON) token holders will benefit from a 2.5 transaction fee on all network transactions. The platform has gained a great deal of support after pledging 2% of its token sales to a charity chosen by its community. With all the talks about Plona (PLON) online, crypto analysts have predicted the platform to raise $2 million during its stage one presale.
Follow Plona (PLON) and join its presale with the links below:
Presale: https://buy.plona.io
Website: https://plona.io
Twitter: https://twitter.com/plonatoken
Telegram: https://t.me/plonatoken
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Source: https://coinpedia.org/press-release/crypto-analysts-predict-plona-plon-to-raise-2-million-in-first-month-of-presale/